New data shows that Ethereum is using almost the same amount of electricity as Ecuador, and a long-awaited upgrade to cut down on that electricity use has been put on hold for the second time.

Ethereum is most using electricity
Ethereum is most using electricity

This is the second time that a long-awaited upgrade to the Ethereum cryptocurrency network that could cut its energy consumption by 99 percent has been put on hold. A new report shows that the network uses 23 terawatt-hours of electricity each year, which is only a little less than Ecuador, a country of 18 million people.

An artist who uses technology in his work has now done what is thought to be the most in-depth study of how the network uses energy. Kyle McDonald is an example of this.

Since then, the cryptocurrency has used 39 terawatt-hours.